South Africa Rate Decision Seen as Tight Hold-or-Cut Call

The South African Reserve Bank has divided opinion over whether it will cut interest rates again on Thursday or stay on hold to reinforce its commitment to its 3% inflation target.

Economists were narrowly split, with 13 in a Bloomberg survey expecting Governor Lesetja Kganyago’s monetary policy committee to keep the benchmark rate at 6.75, while 11 anticipated a 25-basis-point reduction.